If it reduces our exposure to imported inflation, surely it’s a win for locals
18 November 2021 - 15:29
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If the initiative called “localisation” by the department of trade, industry & competition is a vote of no confidence against (captured) so-called economic advisers, I say the department is on the right track (“Costs will stop localisation from spawning industrialisation”, November 16).
In her meandering article, after a lot of hand-waving, Ann Bernstein makes the ludicrous claim that localisation will “undermine the Reserve Bank’s task of controlling inflation”.
The inflation the Reserve Bank “controls” is itself imported. So if localisation reduces our exposure to that, surely it’s a win for locals?
Mpho Tjabane, Johannesburg
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: Localisation: On the right track
If it reduces our exposure to imported inflation, surely it’s a win for locals
If the initiative called “localisation” by the department of trade, industry & competition is a vote of no confidence against (captured) so-called economic advisers, I say the department is on the right track (“Costs will stop localisation from spawning industrialisation”, November 16).
In her meandering article, after a lot of hand-waving, Ann Bernstein makes the ludicrous claim that localisation will “undermine the Reserve Bank’s task of controlling inflation”.
The inflation the Reserve Bank “controls” is itself imported. So if localisation reduces our exposure to that, surely it’s a win for locals?
Mpho Tjabane, Johannesburg
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
ANN BERNSTEIN: Costs will stop localisation from spawning industrialisation
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